Investors Sell Shares of Ross Stores, Inc. (ROST) on Strength (ROST)

Traders sold shares of Ross Stores, Inc. (NASDAQ:ROST) on strength during trading on Monday. $37.81 million flowed into the stock on the tick-up and $68.92 million flowed out of the stock on the tick-down, for a money net flow of $31.11 million out of the stock. Of all stocks tracked, Ross Stores had the 30th highest net out-flow for the day. Ross Stores traded up $0.49 for the day and closed at $72.74

ROST has been the topic of a number of recent analyst reports. Instinet reissued a “buy” rating and set a $74.00 price target on shares of Ross Stores in a research note on Sunday, August 20th. Morgan Stanley increased their price target on Ross Stores from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd. Telsey Advisory Group increased their price target on Ross Stores from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Credit Suisse Group reissued a “neutral” rating and set a $64.00 price target (down previously from $70.00) on shares of Ross Stores in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $73.71.

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. The firm has a market cap of $28,050.00, a PE ratio of 23.08, a P/E/G ratio of 2.20 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.62 earnings per share. analysts forecast that Ross Stores, Inc. will post 3.28 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.88%. Ross Stores’s dividend payout ratio is presently 20.45%.

In other news, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total transaction of $402,052.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. Balentine LLC grew its stake in shares of Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after acquiring an additional 5 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after acquiring an additional 61 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after acquiring an additional 1,000 shares in the last quarter. Zions Bancorporation grew its stake in shares of Ross Stores by 338.9% during the third quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock valued at $137,000 after acquiring an additional 1,637 shares in the last quarter. Finally, Welch Group LLC grew its stake in shares of Ross Stores by 35.2% during the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after acquiring an additional 716 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

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Ross Stores Company Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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